Financial report September 2007

Greeting dear SHMEC owner,

I know, I'm guilty, no news for long time, but real life sometimes take to much time. Here is the latest financial statement of the corp.

SMECH ASSET ( after dividend)

Wallet : 704,182,491 Isk
Shares: 183,315,000 Isk
Buy order: 886,697,736 Isk
Sell order: 852,633,498 Isk
Inventory: 451,863,918 Isk
Ship: 3,338,000,000 Isk
Mineral in stock: 1,882,034,290 Isk
POS( including fuel) : 2,138,237,294 Isk
BPO : 332,940,140 Isk
Corp NAV : 10,904,132,068 Isk
NAV per share: 545,206 Isk

Our ice division do a great work, and extract lot of ice per month. Also, we tried some invention and the result was great. So, I'm happy to annouce the creation of our Invention division with a POS in high sec. We will start to do more invention and producing more and more tech 2 items. We will also offer lab rent to increase our income.

The dividend for the end of September is 35,364 Isk per share. The NAV per share still increasing every month and our buy back option at 650,000 Isk a share still open.

I'm Looking foward to see the result next month with the new invention division.

Tolmar
SHMEC CEO